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10 November 2023
press release

Bulgaria: Schoenherr advises Lufthansa on sale of its stake in Silver Wings Bulgaria

Schoenherr has advised Lufthansa on the sale of its stake in Silver Wings Bulgaria OOD, a joint venture catering business in Bulgaria, to Truffle UK Bidco Three Limited, an active private limited company in the UK.

Schoenherr acted as local counsel alongside Herbert Smith Freehills LLP Frankfurt, advising on the Bulgarian aspects of the transaction.

The firm's legal services included advising on all relevant Bulgarian law aspects of the transaction, including drafting documents governed by Bulgarian law and carrying out the sale on a local level, as well as representing Lufthansa and the local partners in the joint venture before the relevant Bulgarian bodies.

The Lufthansa Group is an aviation group with operations worldwide.

Silver Wings Bulgaria OOD is a joint venture airline catering and restaurant management services company.

Located in London, Truffle UK Bidco Three Limited is part of the Aurelius Group, a group of multi-asset managers and investors with activities across Europe.

The Schoenherr team advising on the transaction was led by Katerina Kaloyanova-Toshkova (attorney at law) and included Gergana Roussinova-Ivanova (associate).


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